📌 Subjects & Credit Structure
| Name of Paper | Classification | Credits | Marks |
|---|---|---|---|
| Business Organisation & Management | Minor | 4 | 60 |
| Financial Accounting | Major | 4 | 60 |
| Business Economics | MDC | 3 | 45 |
| Environmental Studies | VAC | 2 | 30 |
| Indian Financial System | SEC | 3 | 45 |
| MIL / Alternative English | AEC | 4 | 60 |
Available Specializations
- Accounting / Accountancy
- Banking / Finance
- Marketing
- Human Resource Management
🖋 Marking Pattern
Marking pattern for different credit structures:
- SEC (3 Credit) – 75 marks
- VAC (2 Credit) – 50 marks
- Core (4 Credit) – 100 marks
Each includes a split between theory, sessional (internal), and practical wherever applicable.
✏️ Question Paper Design
A) 2 Credit Papers (AEC & VAC) – 30 Marks
- Objective: 1×5 = 5 marks
- Very Short: 2×5 = 10 marks
- Short: 5×3 = 15 marks
B) 3 Credit Papers (MDC / SEC / Core) – 45 Marks
- Objective: 1×5 = 5 marks
- Very Short: 2×5 = 10 marks
- Short: 5×4 = 20 marks
- Long: 10×1 = 10 marks
C) 4 Credit Papers (Core) – 60 Marks
- Objective: 1×8 = 8 marks
- Very Short: 2×6 = 12 marks
- Short: 5×4 = 20 marks
- Long: 10×2 = 20 marks
📖 Unit‑Wise Syllabus
1️⃣ Business Organisation & Management (4 Credits)
Unit 1: Introduction:
Nature and Purpose of Business, Factors to be considered for starting a business, Forms of Business Organisation; Business formats – Brick & Mortar; Brick & Click; E‑commerce; Franchising; Outsourcing. Nature and Functions of Management (An overview); Managerial Competencies – concept.
Unit 2: Business Environment:
Meaning and layers of Business Environment – (micro/immediate, meso/intermediate, macro and international); Business ethics and social responsibility.
Unit 3: Planning and Organizing:
Strategic Planning (concepts). Decision‑making – process and techniques; Organizing – Formal and Informal Organisations, Centralisation and Decentralisation, Delegation, Factors affecting organisational design, Organisational structures & Organograms – Divisional, Product, Matrix, Project and Virtual Organisation.
Unit 4: Directing and Controlling:
Motivation – meaning, importance, and factors affecting motivation; Leadership – meaning, importance, traits and leadership styles; Communication – new trends and directions (role of IT and social media); Controlling – principles of controlling, measures of controlling, relationship between planning and controlling.
Unit 5: Contemporary Issues in Management:
Business Process Reengineering (BPR), Learning Organisation, Six Sigma, Supply Chain Management, Work‑life Balance, Freelancing, Flexi‑time and work from home; Co‑sharing/coworking.
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2️⃣ Financial Accounting (4 Credits)
Unit 1: Theoretical Framework
i. Accounting as an information system, the users of financial accounting information and their needs. Qualitative characteristics of accounting information. Functions, advantages and limitations of accounting. Branches of accounting. Bases of accounting: cash basis and accrual basis.
ii. The nature of financial accounting principles: entity, money measurement, going concern, cost, realization, accruals, periodicity, consistency, prudence (conservatism), materiality and full disclosures.
iii. Accounting Standards: Concept, needs and objectives; procedure for issuing Accounting Standards in India. Salient features of First-Time Adoption of Indian Accounting Standard (Ind‑AS) 101. Salient features of Indian Accounting Standards Ind AS 1, 2, 16 and AS 9. International Financial Reporting Standards (IFRS): need and procedures of issue.
Unit 2: Measurement of Business Income
i. Measurement of business income – Net income, application of accounting period, continuity doctrine and matching concept in the measurement of net income. Objectives of measurement.
ii. Capital and revenue expenditures and receipts.
iii. Revenue recognition: recognition of income and expenses as per AS 9.
iv. Inventory valuation: meaning and significance.
Unit 3: Final Accounts
Preparation of financial statements of non‑corporate business entities: sole proprietorship and partnership firms.
Unit 4: Hire-Purchase, Instalment Systems and Branches
i. Accounting for Hire-Purchase and Instalment Systems: meaning, features, advantages and disadvantages of hire purchase and instalment systems, rights of hire purchaser and hire vendor, journal entries and preparation of ledger accounts excluding default and repossession.
ii. Accounting for Branches: meaning, needs and objectives of branch accounting, systems of dependent branch accounting and their accounting treatments (only debtors system, stock and debtors system).
3️⃣ Business Economics (3 Credits)
Unit 1: Business Economics
Meaning – Definitions – Characteristics – Scope of Business Economics – Uses and Objectives of Business Economics – Business ethics in economics performance, Micro and Macro Economic concepts.
Unit 2: Theory of Demand and Analysis
Demand – Demand Determinants – Law of Demand – Characteristics – Exceptions – Elasticity of Demand – Price Elasticity – Types – Determining Factors – Change in Demand and Elasticity of Demand – Business Applications of Price Elasticity – Concepts of Income and Cross Elasticity of Demand – Price Elasticity of Demand, demand forecasting – methods of demand forecasting – Survey of buyer’s intention – Collective opinion – smoothing techniques, analysis of time series and trend projection.
Unit 3: Cost and Production Function
Cost concepts and classifications, Cost determinants, Cost–output relationship in the Short and Long run, Economies and Diseconomies of Scale, Production Function with One Variable Input, Law of Variable Proportions, Production Function with Two Variable Input, Law of Returns to Scale, Equilibrium through Isoquants and Isocosts.
Unit 4: Market Structure
Perfect Competition – Features – Price and Output Determination – Influence of Time Element on Price and Output, comparison between market price and normal price, Monopoly – Features – Price and Output Determination – Price Discrimination – Price Output Determination under Discriminating Monopoly, Monopolistic Competition – Features, Price and Output Determination in Short Run and in Industry – Features of Duopoly and Oligopoly.
Unit 5: Economic Environment of Business Decision Making
GNP and GDP, Consumption savings and Capital Formation, Money Supply and Monetary Policy, Employment, Unemployment and Full Employment.
◆◆◆◆
4️⃣ Indian Financial System (3 Credits)
Unit 1: Business Economics
Meaning – Definitions – Characteristics – Scope of Business Economics – Uses and Objectives of Business Economics – Business ethics in economics performance, Micro and Macro Economic concepts.
Unit 2: Theory of Demand and Analysis
Demand – Demand Determinants – Law of Demand – Characteristics – Exceptions – Elasticity of Demand – Price Elasticity – Types – Determining Factors – Change in Demand and Elasticity of Demand – Business Applications of Price Elasticity – Concepts of Income and Cross Elasticity of Demand – Price Elasticity of Demand, demand forecasting – methods of demand forecasting – Survey of buyer’s intention – Collective opinion – smoothing techniques, analysis of time series and trend projection.
Unit 3: Cost and Production Function
Cost concepts and classifications, Cost determinants, Cost–output relationship in the Short and Long run, Economies and Diseconomies of Scale, Production Function with One Variable Input, Law of Variable Proportions, Production Function with Two Variable Input, Law of Returns to Scale, Equilibrium through Isoquants and Isocosts.
Unit 4: Market Structure
Perfect Competition – Features – Price and Output Determination – Influence of Time Element on Price and Output, comparison between market price and normal price, Monopoly – Features – Price and Output Determination – Price Discrimination – Price Output Determination under Discriminating Monopoly, Monopolistic Competition – Features, Price and Output Determination in Short Run and in Industry – Features of Duopoly and Oligopoly.
Unit 5: Economic Environment of Business Decision Making
GNP and GDP, Consumption savings and Capital Formation, Money Supply and Monetary Policy, Employment, Unemployment and Full Employment.
◆◆◆◆
5️⃣ Environmental Studies (2 Credits)
Unit 1: Introduction to Environmental Studies
• Multidisciplinary nature of environmental studies
• Scope and importance
• Basic concepts: Renewable resources, Non‑renewable resources, Common property resources, Tragedy of commons, Climate change, Global warming
• Concept of sustainable development
Unit 2: Ecosystems
• What is an ecosystem? Difference between ecology and ecosystem
• Structure and function of ecosystem
• Energy flow in an ecosystem: food chains, food web and ecological succession
• Case studies on any one of the following:
A) Forest ecosystem
B) Grassland ecosystem
C) Aquatic ecosystems (ponds, streams, lakes, rivers)
D) Mountain ecosystem
6️⃣ MIL / Alternative English (4 Credits)
Select any one as per college availability.
Final Words
This updated Gauhati University B.Com 1st Semester (FYUGP/NEP 2025) syllabus ensures a balance of theoretical knowledge, practical exposure, and skill development. Focus on sessional marks, stay consistent, and use recommended notes and resources.
✨ Best wishes for your Semester! ✨
